Accounting Measurements
0
1 ( 1 0 )
beginning price
Rate of return cash^ receipts change^ in^ price
P
= C + P − P
= +
Economic income = cash flow + change in present value
0
Rate of return^1 (^10 )
PV
= C + PV − PV
Accounting Measurements
0
1 ( 1 0 )
beginning price
Rate of return cash^ receipts change^ in^ price
P
= C + P − P
= +
Economic income = cash flow + change in present value
0
Rate of return^1 (^10 )
PV
= C + PV − PV